IGas Energy plc has awarded chief financial officer Frances Ward 106,406 nil cost options over ordinary shares each of 0.002 pence per share in part lieu of an annual bonus.
ALIGNMENT
The award, under the company’s 2015 management retention plan, is to align better the interests of directors, persons discharging managerial responsibilities and other key employees with those of shareholders.
The rules see annual bonuses in excess of £30,000 paid to recipients in a combination of cash and restricted stock.